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a tight lending environment. for most investors, access to capital is a real problem. >> how far does it -- >> quite difficult. right now as a private investor, you have to guarantee construction loans and you have to put up 35% he equity of any one project. >> and 35% of his $70 million project for perspective, would be a $24.5 million down payment. >> we've been working on this for six years. >> reporter: so back to mayor reed and his lofty goal, a billion dollars recorded in six months. >> i have no doubt that we can. there's probably more than a billion dollars of opportunities. the question is how many can we get done in six months. >> reporter: reed's claim of billion dollars in opportunities checks out after spiing to some developers willing to hint at the financials for their massive pending projects, low enterprisers is developing a tract of land so large it took us more than a minute to drive around. an urban office campus which they said will cost well north of $100 million just for first phase. across the street by the intersection of 101, ellis partners about to build a 7
reviews. if they had the environment impact reviews would show having a bullet train rubbing through farmlands would adversely affect agriculture. >> we are looking at a situation where a farmer might have to drive five miles to get from one side of his farm to the other because there is a rail. >> attorneys argue the environmental reviews were done properly and emphasize a delay could add to the high price tag. >> not to mention a delay could jeopardize mill billions of dollars in federal grant money that must be spent by 2017. >> a judge denied the preliminary injunction. project is going to proceed as planned. the plaintiffs are considering taking to federal court. >> new this morning, president obama is on his way to southeast asia with a tour on his way to high land. he is going to return to washington wednesday morning. before he left, the president recorded his weekly address urging tax cuts. >> we shouldn't hold the middle-class hostage while congress debates. let's keep taxes low for the million contrast and let's get it done soon so we can give families and businesses some
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